Brief: Associated Banc-Corp Announces Balance Sheet Repositioning

Associated Banc-Corp

04/12/2024 21:28

Dec 4 (Reuters) - Associated Banc-Corp  ASB.N :
    * ASSOCIATED BANC-CORP ANNOUNCES BALANCE SHEET REPOSITIONING
TO
SUPPORT ORGANIC GROWTH STRATEGY
    * ASSOCIATED BANC-CORP - SOLD ABOUT $1.3 BILLION OF
INVESTMENT
SECURITIES & AGREED TO SELL ABOUT $0.7 BILLION IN MORTGAGE LOANS
    * ASSOCIATED BANC-CORP - SALE OF MORTGAGE LOANS IS EXPECTED
TO
CLOSE IN Q1 OF 2025
    * ASSOCIATED BANC-CORP - TRANSACTIONS EXPECTED TO RESULT IN
AFTER-TAX LOSS OF ABOUT $253 MILLION WHICH WILL CAUSE CO TO
REPORT NET LOSS FOR Q4 2024

Source text:  ID:nPnb2KpFha 
Further company coverage:  ASB.N 

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